Sheryl Sandberg Will Become COO of Facebook — Facebook will announce that it will hire top Google executive Sheryl Sandberg as COO this afternoon, in a major hire that is sure to shake up the company and also deliver a blow to rival Google. — At Google (GOOG), Sandberg is the vice president …

IAC's Ask.com to Cut 8% of Staff — Ask.com announced an internal restructuring that eliminates 40 jobs as well as plans to turn back the search engine's focus to better answering search queries posed as questions. — The job cuts, which amount to roughly 8% of the company's existing work force …

Hack into a Windows PC - no password needed — A security consultant based in New Zealand has released a tool that can unlock Windows computers in seconds without the need for a password. — Adam Boileau first demonstrated the hack, which affects Windows XP computers but has not yet …

Steven Spielberg's Ghost Town — Hollywood super producer Steven Spielberg is preparing to launch a new social network, we've heard from multiple sources. The focus will be on users who've had or who are interested in sharing paranormal and extraterrestrial experiences.

ASUS' 9-inch Eee PC, now with living pixels! — We showed you quite a bit of the 9-inch Eee PC from ASUS yesterday, but they wouldn't let us turn it on. Now that CeBIT has officially begun, however, ASUS is lighting up those pixels loud and proud. ASUS tells us the screen is 1024 x 600 …

Highlights from Apple's Shareholder Meeting — Details are starting to emerge from Apple's meeting with shareholders, taking place in Cupertino today. Among the tasty bits: — The iPhone will launch in China this year. (We knew that. When?) — India is also on the iPhone roadmap …